Wasting our money abroad

There are renewed calls to scrap the increase in the foreign aid budget, you know, the one that gives money to the likes of India who have their own nuclear and space industry. It will apparently reach £12 billion by 2015 making us the third largest donor on the planet after Germany and the USA.

Express.

CAMPAIGNERS last night renewed calls for the scrapping of plans to boost foreign aid spending to £12billion by 2015 after figures showed Britain is the third biggest donor worldwide.
The UK was out-spent last year only by the US and Germany, said the Organisation for Economic Cooperation and Development.
Britain was the second biggest EU donor in cash terms, spending £8.19billion or 0.56 per cent of national wealth.
The Coalition has protected aid spending from Government cuts. And it remains on course to hit the international goal of spending 0.7 per cent of national income on aid by 2013.
But Ruth Porter, communications director at the Institute of Economic Affairs, said: “It’s time the Government stopped naively assuming that increasing aid is the best way to help developing countries. “Research suggests there is no evidence that aid helps with economic growth. Worse still it can make corruption worse and may have inadvertently ended up financing up to 40 per cent of military spending in Africa.”

Sadly Africa is a basket case and the best thing to do there would probably be to sell them arms rather than simply give them money in exchange for say mineral concessions, then we just protect the mines and the miners until some sort of stable state emerges (if ever). Yet I know under the current political hegemony in the UK that wont happen, too many squeals of robbing the mineral wealth from the people etc, Not that the people tend to get a great deal from their tribal chiefs even now, save guns and grief. Nor after the example of India buying French planes for their airforce should we use the foreign aid as bribe money and some areas such as Pakistan are simply not worth the effort, if they want nuclear weapons fine, but they don’t get us to pick up their education tab whilst doing it.

What £12 billion could do at home is half the duty on our fuel bills, kick start the economy by bringing prices down, it could even pay off a few PFI bills. A decent government that looked out for the UK would have massively cut back government spending anyway, yet all they seem to want to do is spend, spend, spend rather than invest and foreign aid has been clearly proven to be no investment…

3 comments for “Wasting our money abroad

  1. Mudplugger
    April 6, 2012 at 10:00 am

    We should never give cash as foreign aid. Give UK goods and services to genuinely needy states instead, at least that way we avoid much of the inherent corruption and we create/maintain jobs in Britain, whilst also establishing British goods in emerging economies.

    But cash, never.

    • DerekP
      April 7, 2012 at 6:57 pm

      Your suggestion would be good for the UK, but as it’s far easier to ‘carve a slice’ from financial donations than shipped materials I’m guessing our politicians and their friends will see some problems in your idea.
      😉

  2. Voice of Reason
    April 6, 2012 at 2:43 pm

    How about exporting some disadvantaged youth to ‘help’ those countries build?

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